REGISTERED COMPANY Nu1[BER.. 04884834 (Englgnd WAle81 REGISTERED CR4RtTY N[lBER. 1100376 PORT OF TH FINA L sTATEIENTs FO E YEAR EIYDED 31 DE MB FOR HEADWAY SllliOPS D.R.E. & Co, (Audit) LimÈted KingslaTrdHouge 39 AbbeyForegaie Shrebry Shwpsbire SY26BL
HE4DWAY SHROPSHtRE CONTENTS OF THEFINANCL4L STATEfvtE R THE TrIAR NDED 31 DECEMBER 2023 Pige Report of the Tn]stees I to 8 Report of th¢ Indtpendtnt Auditors 9 to 12 Stateent of Fin81J¢Lal Activitl¢S 13 BalarL¢¢ Sheet 14 C95h Flow Statemtnt 15 D4otes to the Cash Flow Stat¢rn¢n¢ 16 Note8 lo theTin8nci#l Stitements 17 to 27 Detailed St&temtTht ofFIDantial Attivities 28 to 29
HEADWAY SHROPSHlllE REGISTERED Ntll*lBER: 114884834 RKP RT OF THE TRUSTEES FOR'I'HE YEAR EM)ED 31 DECEMBER 202 The tru51¢¢5 Nvho are aL80 dtrtelois of the charity roy the purwses of th¢ Companies Act 2006. prent their rep)rt th¢ f¢1 statements of the chuity foi. t1 yearended 31 Dec¢iDber 2023. Tetrte¢s have adopt¢d the provtsior6 of Aceounting and Rewlting by Cltsritie$'. Statement of Recommended Practice applicable lo clw'ities preparing th¢ir 8ccounls in accordw]ce Mqth F1thJaI Reporting Standard appbcabl¢ tn the UK and Rewblic of Irelalld IFRS 102) {cffectiYe l JaRusry 20191. OBJECTIVES AM) AcfiviTIFS Objoclivcs and aims In aceordance Mqth the Articlcs of Associatioo th¢ objeets of the charity are lo provi¢k krrfoimation. Advice, Support O]Ki rehabilitation sav15 to people wirh an acquired br8irt in3, thcir ra1]l¢S a[ ¢T$ wh) reside llj Shropshire gj Telford & Wrekirt. Our objectivc and alm witli our seivic£s is to improve qual%ty of life pron)ote the indepeThdeJJce of & person wth an wuired brain injury whilst 5UPPOrting [nity Wld ¢wrrs. Page I
HEAD Y SHROPSKtRC, RECISIERED NIIfvIBER.. 04884834 REPORT OF THE TRUSTEES FOR TIIF. YF.AR LYDED 31 DEC BER 2023 OBJECTINTS AND ACTIVITIES S¥nificatkt 2ttiviti¢8 2023 has Seen HddY Shropsliire contiuu¢ 10 &dapi amidst evolving tirtumslance5. W¢ mAttitatiJed our Covid-lg polieie8 and procedutes in with changing goverrnneTht gutdeli[ throuBboul the year. Our Community W¢llbeing Centir succe%sfidly deliveicd its day seiviees tm'ee d&y5 a w¢¢k (Mortday, W¢dnesday, Friday), while our ABICS s¢rvic¢ wntinued to provide esgetti1 support in ¢li¢ntg homes and ¢ottunullilies. Having txperieJ)eed a decrea8e in lient numbe13 dur8 and imtncdiatelypost-covid, these have gradually inoreased Ilrougho 2023. The Community Wellbeing eentr4 whith reopened with tl support of a Nationd tttery ttl post4ovid, Itceived Ili¢ fsnal paymertt for tlis grant in early 3attuaiy 2024. centre is projwted to be fvIIy 8Wtainable to conii]Jue delivering lis seE%ic¢ throu8knut 2024 and Iwond. Thc supwrt of the Nalionl Lottery rn over the post 3 years has en pivot&l lo t1 suecess of ContUg our cotnmutiity wtllbe£ng eetttre suwice p0st.cov1 #nd we 8re cxtremely tefvl for Ilieirsdpwrt. W¢ hav¢ 8150 received & Dwllber of grants and (k)natiotLS durittg the )rar in aildition to the thttdin8 from The NatiOn8J Lottery, for leh we sre very 8t¢t1 and whieh have helped us lli dev¢loping Ibe centre and the seNitts wc can offer clietits. 2023 also brOght sigtLificaDt changes irt key thattaEement within the charity. The fomer C.Fn Fe%igttiL and a operalsons director w88 ntrOduCed as & temsM)rary tnea3ur< cubniswtsng in Iheii appoillnnent as CEO at the etKi of tiie )¢ar. Addiliondly. inew re¥steYed manager slld nominated individual wcr¢ aptx)tnted. This Cbange in key msnage]]Knt has alt¢red the stsJl¢¥iC direction of Hetdwdy shi.0h1rE, wsth a full fingncigj 8nÉlysis cottducted to inforjn future s¢rvic¢s and activities. along with an ovettsul o(preSseS aod procedures to smprove the effici¢ncyof cimrity. Headway Shropshite is also registered with the C8xe Quality Comthission ICW). Changes were tnade to how CQC opei'ates in 2023, with key guiddncc ¢XPeCt¢d W¢ contittue to mowtoi. Ih¢s¢ dcv¢LopmeJJts clos¢ly to ensure compliaKe and maintain lll8h 5tartdards ol'c8x¢. STAFFINO We would likc to tgJ(e tliis opportijttity lo thank all our Eeaox meD)bers for thei¥ hard wot and d¢dic&tion to Headw ShPShirt. Nwnber of Employees ABICS Comt]Junity W¢llb¢ing Cethlre A<tsninistration 2Q23 29 2022 27 At Headvdy ShropshiK, Me are eommitted to building a cohesive teaEtt that 0rat¢S a UDifitd titiit rather th8D segrcga¢d depÈrbents. This sntegrated approach eneompBsses Ihe offitt, Community Wellbeing CentrG ABICS seivxce, ensuiiTrg Scatrk CollairatiOn and communication across ail areas. Wf pritsritise the devetopillent and growth of our team by fid¢ll8 certain qualifJeatiot18 to enha[e le8rnirtg &n(E Ce¢r progression. This invest¢t iti OW 5tatYs educaiiott de18CleS our corortiiiment to theii. professiond dcvelopment and on8-lerm carc¢r 8spiralions. To furthe¥ ieeognise gnd a¢ktLQW]edge our team, have cuntinued ow. Employee of the Moath, r¢roBtiilion awgnl. celcbraiing the hwyi WO &rtd dedication of our team meDJIKr& We also have robust diversity and inclusion policies in pla et)suring in¢lusiv¢ 8JKi supportive w)rkenvirotmRrt foi cvcryo Regular supervision gnd at4)iisais are cOndkd to PTovide ¢ontinuous feulback and support. fosterirtg a supportiv¢ &nd growtli-oi'ienled woi'kplace. Page 2
HEAD AY SHROPSHlliE REGISTERED NtIMBER,. 04884834 PORT O THE TRUSTEE FOR THf,. vTr:AR KNDED I DECEM 23 O&JECTIVES AIYD ACTIVITIES cLNTs noUghout2023, illl)ergryof a¢ltviti¢s atHeadway Slwopshite has continuedto dtvelop and expand. We tFodUced mttqic th¢rapy WI¢ has been 11-rectIVed by our clie¢4 and conltllued our weekly social days featW'ULg tictiviries sucE) as bowbfjg and dirtin8 ai local r¢5tsurartts. Addtionally. launched social evellin at a local g£mes cafe, providing ou¥ cltents with ttew opporLtinities for ellgagcment and enjoymetiL We wntittue to ensure our itine¥ary is fwged on skill buildtijg and the rtablemellt of ow cliellts. We are committed to developing the service via CO.PTodu¢liofi witii our clienw conduciirtg binnUal surv¢ys to colltcl vaithle quaniiiative ¥j qualxtative feedb2d( 10 inform our continuous evalvet5]cnt and strategies. The aptyjinimeni of a Jw coordiuator at tht Community Wellbeillg Centre has led to a tompreh¢nsiv¢ ove¥haul of our daily 2nd w¢¢kly itiJraryy re%wltin8 in a more structw'ed approacb. Key Workers h8v¢ been a88iglled to ensu Isottali8¢d a[ eoo8ist¢nt c. Signl¢ttime 8t effi)rt have been invested in overhaul8 slldividualised car¢ plikn enswiaJ8 person-eellts'ic at the CommuTrity W¢llLKiD8 Centre. FUrtheror the consistency of kcy workers ha8 been emph&sised in OABICs service. ¢n5uiuig ¢otttllJuity iEli&bilityof we ouy eli¢nl5. Du¢ lo the increased Jrturnof clients to the Commuwty Wellbeing Centr¢, Nr ttmpotarily discontinued our'H¢adway &t Home. s¢rvice. However, we aLknowkdge the unrK)1I8nce of Ihc Hcadway ÈtHomt servtce to enswe accessibility lo o seivi¢¢s for all. C.all%equ¢rtlly. currently seeking grdrtts to researLh and Lkvelop tius serwce lo Elltct Ihc new requivements of 2023 and beyord. This includes a1i2Thll Mryth digital cnb8ncemelllS in care ¢oliabo¥ating wsth 1(Kdl uthurili¢S and healthboard% to enstre stsramlined artd cffectiV¢ Services. Publ1¢ benÈfit t)etAils 35 to th¢ eltsrity's activities ore for Ilje publiL Etrtefit w¢ pr(Jvided in the objectivcs 8lld #Clivilies sectioTr abov¢. The trust¢e5 Co[1[[ that th¢y bave complied wit11t dw in section 17(5) of the Clkuities Act 2011 lo have due gaiyS lo public b¢ll¢fitgvide published by the Clwity Commisso Volullteers We call h2V¢ UP to 15 Board Members a¥e all volurteer& however, the boardhave weed that thrre wiu be JKk Jllare than 12 el¢cl¢d ts&[ee8 at one tinie le dlow for a balanetd working grou Itt 2023, we did rtota¢tsv¢ly advertis¢ for volurtteer& Ld th¢ye2r to consolidate our efforts ortdembed new nianagers tbrougiwut the oiganisatiofj focusng on lIding 51rong wr¢ teams of stsff.'I'liis approa¢li bas allow us to 5ttertgthen our inl¢inal stiucture i)nd enswe a %tabtc ond suppoitive enYirontn¢nt for both our staft and ¢li¢nts. Future D¢velopJnehts tA)okitLg thead lo 2024, Headway Shropshire is committed to continlling thE enhaocemeni and expansion of our Seice$ to beiier supwrl our clÉenls. One of our key goals is 10 fi]rther develop the 8Ctivities ]d progranjs offeid &1 the Caitjmullity WellbeinE C¢ntK We plan to IntrodCe traUt1¢ activities and expgnd our existing offeting& including more diverse and¢n8a8tiJg so¢iaI evertts to foster ¢0mUnIty and support reabl¢nni. A majtt for 2024 involve5 dpgrading the facibties at the u¢lllKing c¢nire to £ieate & more nclwiv¢ at Jccessible enViro[ellt. This iocludes the devclopmcnt of Èn aectssible ggrden with r8ised bE&, the iTrstaU&tion of multt-level accgssiblc kitchen equipmefit, and the creation of Theiv activity rooms for IT and woodworking. These entw]¢¢me5 aim to itnpiDv< aCcSibility and provide additsortal th¢ratle spaces for clients. To ad(b-ess ongoiD8 ¢hallen8es in service provi5iofy hop¢ to Expand our s¢ivite days froni thl'ee te five per wtek and intrDducing evening se58ions to ffjduce so¢id isolation. W¢ t also ¢Xp1urg LTrPtions foi piDvding ¢m¢rg¢rt¢y sponsored plactmenls to piovide 1mnjedle car¢ foi. awaiting loDg-tcim tundin& ensw'ing tit3Klysuppori. We are also f(K4]sing on eEd22tscin8 our digilal c3pabilitie& This includes seekirtg grants to resEar¢h and develop our 'Headway at Home. setvice, eAquring il m¢¢t5 the needs of our clicnts and alipts with digital advartcements in care. Additionally, are committed to Trinteln8 and UllPToving the quglity of care by invttiing in 5tatT training and d¢v¢loptnenl. We will a150 slrertgthen feedba< mechanisms to Cotitinuously gather valuoble insights from our Clients nd other slakehold¢r& and m9ke d&ta-driven improvemems to Qui. services. ThrOughtige INtiatiS, to ere&te a robust and adwble Servi fraTricwo¥k tli&t weffectively t J¢d$ olotsr commututy. Pag¢ 3
DWAY SHROPSHIRE REGESTERED NUF¥lBER.. 04884834 REP RT OF THE IRUSTEILS FOR THE YEAR EF4DF.D 31 DL EMBE 23 FJNANCLIL REvw Financial p08ition For tbe year under iEview. incoD%¢ from clwitabk aclivitits totsll¢d £1,099,084 12022.. £939,840) with voluntary iticom¢ of £21,848 12(Y22.. £11,373). Charitabl¢ activities direct costs [e £877.334 {2022.. £781.1711, managcm¢ttt an41 adniini3tration costs of thoritabl¢ aetivitiGS were £125,509 12022.. £131.0861 running costs building rnaintenllnce lotalled £97,31712022.. £101,076). Goverllgllc¢ costs we £15.174 {2022.. £11.8731. As shown inthe state1111t of Financi21 Adivities, Ibis gen¢Tated attetsurplus ot £5,598 for the year12022.' net deficit of £73.9931. PrincÉp#l thttdlng soU¢S Community WcllbeinB Certtie services 8r¢ dIged kyr day. ABICS Is Chard At ats liourly rat¢ agrttd by the commi0n8 agents depertdcnt on the rteeds of the cltent. All othei. fundi Ès throuBh generosity of people who fiMdrais¢ th donate to and t1ltable titutiOnS Nvh08e object8 at¢ compatible with those of Headway ShropshtLE. Fuodrising Thc cbarity did ttot work wth any COUAtr¢la[ participators oj. proftssional fundrsssers during the )EaT uThler review. The chaTKly is rtot SUbjt to ats undertsking to bc tK)und by any wolunlary scheTh¢ foT regulating tun(krdisin& or any voluntary slatsdard of fi]rtd-raisin& in r¢Sct of ils activities. No Lomplaillts h&ve ken recttved knut activitics by th¢ ch'ity foi. the PUiPDse of fwidtaisirig. lrt all fundr8]llg activities during the period, tTrte cliw%ty ha5 ittken steps to proteci the public. including vuirterable people, froln ur¢tble itttsijsson on a pctson's privacy, ureasOnablY p¢rsi51ertt 8pproa¢EKs or undue pressure to give. InYtsment policy and obleetives The Articles of Associatiott and TLllSt Deed adliSeS the tnL5tees to %nak< hOd aod chgrtge inycstments at their discLrtion. Page 4
HEAD AY SHROPSHIRE REGISTERED NUflBER: 04884834 RTOF HE TRUSTEES FOR THF. VF.AR LtNDED 31 D . EMBER 2 vtNANCL4L REVIEW Reserves Ebollcy and going totheern ThB Charity cOtiS$loO r¢comnJ¢nds reserves ro be held 10 allow for SLY mortthg running costs in the event of liquidation. Our estimate of the valuB of six month5 rut18 costs is cunrnuy £558,000. The ov¢rall U[esti.i¢led fwidg at the et of 2023 £214.619, which wt knpE to <ortttiwe to lId up to meet Ihc lev¢1 rrwmmejmied by th¢ Chsrity Conunission. The total fi]nds kKld by tbe chlty at 31 DecemLrr 2023 are £3l4.758, tlu5 iDcludc8 restrict ful$ of £l(M),139 relating to the Headway House buildirtg. Mtsst of the ful1ng foy ¢Lients' care ar iEhabiliiation comes froth the NHS or the relevattt local &uUwrity. This Makes the or8aiijslion vulne¥able wheiE public molley going to those bodies b¢coin¢s treasinglY restricted. In addition it 15 often the ce thtti changes io a diertt's <ondÉtion that they cease to be fund¢d by on¢ body and bw)tne the fllk]ncial iasponsibiiity of anolhei.. Tlys piocess can iesult in delay5 irt fiding paytnellts b¢iD8 received. OYJ this basi5 it is vital th&t sutfici¢nt cth is retained th¢ orgawSati to loW foi. t¢rnporgry dejuys iti the collection of fLll due and to give lime lo gdjusl to varysng fufidlljg levels. Tkrefor¢ aim lo hold 2 ]nollths uftuMiiJ)g costs, ap0matelY £186,0(X), OD deposst ll) addilioii to ensuring that sufticient timds hand in cutyellt actouni to meet liabilÉties as Uiey fall due. At 31 tlecembei. 2023 Ik ewrent accoum balgn¢¢ w3$ £71.351 wid deposit aLcuunl bal8CeS 5EMd at £46,960, wilh th¢ accounts now being in A munthly surplu5, 1¢ 1$ platsned tlmoughoul 2024 attd beyond to cortliNe to increax this incranentally lo reach the plaThncd amoun That said, we have secn nease in private fundiTrg irt both the commtinity mlIbeing centtE 8nd our ABICS service, and expanded our n¢twork of funding bo<tie5, effectively diversifyitLg our risk. Thi$ divetsifjcalion tnc]ude5 eThgaging with tnore man&gers and deputies. wthich broadens our funding base and redllces rejiance on sujgle souree. The Trust¢¢s have review¢d the CiTLlltsnstances of Headwdy ShroFshire and COlder thaÈ adequate re£¢5 continue to b¢ available lo fi]nd the aclivil%¢s of th¢ ch.]ty toi the foLEK¢able fiLtw'e. Th¢ cost-sxvsnB inilialiY¢s ad coftiprehens&V¢ fthallcial aNalysis conducted in 2023 Ii&ve realled our seNice cosis 8nd income. gignifJe¥JJtly improving our fLtWLcial posiliotL tksptte receiving less than half the ofN8tional Lott¢ry funding in2023 comparcd Iv 2022. ieEx)tted a surplus, demon$tr8ting th¢ elye¢tiVell ot'our cost Lontrol mtaswes. Wbile National Lottcry funds Mrr¢ iU wital ro ¢)UT fancial Stablty in 2023. forec&sL% piY)jcctions for 2024 ÉrtdtC81¢ tIEal wrwill be S[ainable ongoin The new mgnagemcnt team has idertlificd strrams of firture fundipg ha8 reasonabl¢ a55WXrtee Ih&i the chkvity will continue (0 s¢CUtc suffficient funding al donaitons to 8UPPOrt its dcllvi1s. Our tirture focuses inclllde corporate (knnalions. local busi1&S cullaboratlOD5 fo fundraising event%, nth(¢h funding Opp)rtmties, and key giartt applicatiOnS. Fundiaising and gi?nts are ]Jow Jnsnaged in a strUctud mztJneK, with on plart place. The Boa¥d and dedIted tcarn at Headway Slyupshir¢ arc as comtnitted ever to delivering thc hi¥K8t quality service possibl¢ to our clieals, ensutillg th¢ chsjrity iEinat]ts a goiug concem for th¢ foreseeable The truslccs and maDagemeni are confiderti in our ability to t*et financial obligalioL8 a8 they lSe and to ette¢tivdy any wtenii&l till&ncial ri4ks. On that b&4i8 tlic Trnste¢s of the view Ilwt the chty is a going coneern, they a¢knoMqed8E th&1 a material uncertainty respect of going conc¢Lll eyisES due to the utheiEtLI urtcertaty of flltre fimdtng 8nd w5ts. T&lls is plained fuith¢r ill note 2 uf the fmaacial $latertient& Free Reserves At 31 Decembei. 2m the freely available reserves totalled £214,61912022.. £183,852). STRUCtMi& GOVERNANCE AI¥D f¥lANAGEMKNT Governlng doeunjtllt The ch'lty is conhDllcd by its governixg docum¢n4 a deed of trusL 8rtd constitutes a limited th)mpanys lirnited by guar8th¢¢, Bs dertsd by Companies Act 2006. Appoirtlment of Trusteu l Director5 The trLtslees aKe appOted by the voting metnkrs of th¢ ¢hority at th¢ anllual g¢neral DJeelin8. Trlee8 may serv¢ for th¥ee eCutiVe years IhetL re-stand foi eleciiott. Page 5
HEADWAY SElliOPSHIRE REDN IBER: IN884834 REPORT OF THE TKES R THE ITIAR ENDED 31 DECEMBER 2023 STRUCTURE, GOVF.RNANCEAND I¥IANAGEMENT Organisatiotal Str¢1% and dccision mlluttg The tte¢S govern th¢ diarity thyough a Ellanagement boaTd. The skanogement b09rd employ a full-time Cliief EXUtive OP¢TatiODal tnttnaEer. Tr org831isationaJ 5trnctt tsf the charity is clesi'ly showi in our orgartssation cbart available in our Hexdway Sralldards. D¢tision making AII oTIoal decisi¢)lls are Inade with the authorisation of the Chief Execuiive. Strattgsc dechsions andlor those with a fitsanc1 inipllcalionof over £l,IIDO are rnade by the Headway Shropshirc BO tnduetion and traithirtg olnew tru8tees AII BoÈTd membtES receive 82) iThits0pack before their fwst meetg whicli %n¢ludes'. - Mintstes of the ptrvious three boardJJKetiogs (MO available on request) - Ow memorsJ]dum and tick$ ofassoctatioD - A role desLiiptiort . Meetfftg and events dgtes for the cuttCtttyr - Confidentiality fonn - DBS disc105uie applie&tion form . TTUStee declaration - Itsforjndtion for Companies Hou - Copyof t last new51etter Bussness plan - Last annu81 report - The Essential Truste¢.' An illtroduclioJ] - The Es5utial l-rustee.. What yots nccd to krrf)w K¢y DiaThagtmtth remunerAtioll Remuneraiiojj for key &nanagegllent Frsortnel ts d¢Sed at tTr theeiin8S On art annual basis. Wider nttwork Headway Shrupshire is a ¢harty affiliated to He2divay- The Bi'ain Injury Assnciation. As art atribatc Si up to all of Ileadwal5 policics and procedures. We gre also audited by th¢m annually to ensure we meetin8 their 5tanduds. We bettfil from receiving sorne oFour iDSLWK¢ through the orts with le8 employmellt advice frotn Irwin MiteheLI for which make an Pdyrnent lo Hcadway. Risk management Tb¢ trusEees have 2 duty lo identify Ind revieNv the risks to which the charity 15 exposed and have ensuted that apwopriale systems and ryocedures are in place to m8n8g¢ ri8ks &lld to provide re8son&ble assurartce winst fraud and error. REFEREIYCE AND ADlIN1ST11ArTh1E DETAILS Regi8t¢r¢d Comp*thy number 04884834 {EnEiatkl and Wales) RtgÉ8t¢rcd Charity ttumber 1100376 Regist¢red office Headway Hou HOrth Park Oxon BusirK55 Park Shrew51x ShTopshire SY3 5HJ Poge 6
HEADWAY SHROFSIIIRE REGISTERED 8A834 REPORT OF THE TRUSTEES R TItE YKARENDED 3 DE EMBER 2023 Trll5tets J Atknrs Deputydwir T Lunt Chair Ms S D Hughes (resigned 8.10.231 Iivinters Truststs s0 dIl{or5 of the Company. Con)pany Sectelary T Lurtt Iresigoed 12.4.231 Ms N W RoESit¢r latvoitited 12.4.231 Cliief Executive Offitti. Ms S D Hu8li¢s (resigned 8.10.23) MSN W Rossiter Auditors D.R.E. & Co. {Auditl Limited Ki]JgsJsnd House 39 Abbey Foregat¢ shr¢bY Shyopshiit SY2 6BL Tbe O)mp8J)y ss regislercd with tile Charsty C¢ijJmsSloncts for Engialld pnd Wales ss a charty. its 1¢8istered is [1376. The CoMpY 15 litDited by gLwantee iknes noi b2ve a sbare capital. Its registered company is 4884834. The charity is an atfiliated member of iILe naliottal d)ariry He2dway - tk br&in injwy #5scLiaueD Ircgistered no. 2346893). TRUST£1 ESI RESPONSIBILITY STATEMENT Tr l]iJslees Iwho also tlie directors of Headway Stuopshire for tbe purposes of comparty law) ¥e r¢sport8ible for pKpaTiE]g the Repoit of the Ti'usteES the fjnancial stateentS itt accordance with applicthle lawartd Uwted Kingdom Accounting st¥81ts (United Kittgdom GcDerally Atcepied Aceout]ling Pr8¢ti¢¢). Company law Kequi¥e8 th¢ trustee% tQ plE5m fanCial slat¢m¢]Its for e&ch fitwicial year wluch giv¢ a Iiue Énd fail. view of tbe state ofaffairs ofttK Gharitable ¢omp*ny SNI of tlie inCOTning rcsources and application of regoure¢8, incliiding irtumc and eXpetlturt, of the ch&itable coTllpany for that peiiod. In prepÈrillE tbose financial statanents. the tntstees axe requir¢d to seleet suitable aecounting policies and then apply them COD5i5terttly- observe ih¢ methods and prinLiples in Ibe Charity SORP,. make jIg¢(mentS and e5tilliatcs that are re8son&ble #nd prudent. pKpar¢ the financi 8tatem¢nts the going conc¢m basis un1¢5S It i$ ts]Apprepriate to presume th thc ciwitable company will continue sn busi55. The trustees are resp)nsible keepiiig proper a¢cowiling ret<M'ds Md)i¢h distloge with Teawmblt accuracy at any lime the fitLqllcial position of the charitable cottipany and lo etd)le them lo En5Uit that the financial statejnes eomply with the ComFwu¢s Act 2006. Tljey are glso responsible for saf¢guardinE thc et8 of the ehBritable compatty and h¢nce for laknng reasonable Jteps for the pVentiona d¢tection of fraud gndother 8thltIes. Jll so f. a5 the trustees are aware.. tbere i8 no relev1 audit infomMlion of which the elmtitabte c(Anpall5 auditors ore U[W&e. and the trustees hav¢ tskeA steps that they ought to have tak¢n to make themselves aiydre of any rekvqnt att infotmalÈon 2nd to estgblisli that the auditors are aware of tbat inftsrmaiion. Page 7
HEADWAY SHROPSHIRE REGISTERED NtIMBER: 04S848J4 RT OF TBE TRUSTEFS FOR I'IILI YLAR ENDED 31 R2023 AUDll'oRS The avditorB, D.R.E. & Co. {AudÉtl LIMI wiu be w)psed fot re-appoirttsttenl at ihe fortl]coming AtuJuoL Gerterl Meeting. This report has beeti prepared ia ac¢ordatttt with tbe special provisiotts of Pt 15 of tk Conipanics Act 2(M)6 relating to small companies. Approved byod¢T of thc btsard of trust¢es on 3 JttDe 2024 And SIOn its lJt by.. T Lunt- Tntsttt Page 8
REI PORT OF THE INDEPEriDENT AUDITORS TO THE MEMBERS OF HEAD AYSH HIRE REGISTERED PIUMBER: U4884834 Oplnion We have audtted Éhe finan¢ial statements of Headway Shrt)psliire {the 'ch&ritable ¢ompally') foi. the year ended 31 Deeetllber 2023 which compffise the Statenient of FEnat]cial Activities, the Balance Sheet, the Cash Flow Statemeijt and notes to tbe fanCial staltments, irt¢luding a sumniary of signifi¢ant aceounting policies. The financial r¢w)rting franiework that has been applied in their preparation is applicable law 2nd United Kingdom Accou]itiEig Standard8 (United Kingdom Generally Aecepted A¢countinir Praetice). In our opinion the fIllClaI statements- gave a iTU¢ and fair view of the stale of the ¢haritsble company'5 affairs as at 3 1 December 2023 and of its in¢omin8 resources and application of resouyces, incli18 its incoine and expcnditure. for the yeai. then ended. have been properly prepared in accordance wsth United Kingdom Generally Accepted Accounting Pra¢lice,' 2nd have been prepared irl &¢¢ordance with the r¢quirements of the Companies Act 2006. Basis for opinio We condueted our alldit in accordance with Int¢m&tional SiaTJd&i'ds on Auditing (UK) USAS (UKI) atkd applicable law. Our vesponsibilities under those standards ore further described in tlie Auditors, responsibilÉties for the audÈt of the rith2tJcial statements section of oui. I'¢port. We are independent of the chaiitable copaNY in accordance with tlie ediical requirements that are relev&o¢ to otsi. audit of tlie financia] statements in the IIK, including tlie FRC'S Et]ucal stalld, and we have fulfilled oui. other ¢thiLal responsibilities in accordance with these rcquirements. We belseve that the audit evidence w¢ h&ve obtained is suificient and appropriate to provide a ba5Es for our opinioll. Material llncertAinty relating to going concern ID JudiÉing the finan¢ial ststement5, we have concluded that the trustees. use of the going wncem basis of aceounting in the preparation of the finan¢i81 statsments is appropri81e. We draw attentioll to note 2 of the financitI stattmenls, which de8CTib¢s matters which indicalc tliat a tnaterial unccrtainty exists that may c&si signifjeant doubt on the charstable company's ability to continue &8 a going concem. Our opinion is not rnodified in I'espect of thi5 matter. Our responsibilities and the responsibiliti¢s ofthe tru5t¢es wilh resptct to going concern arc d¢s¢ribed in the relevant sectÈOllS of this report. Other information The trustees are respnnsiblc for the other infon]tIO[I. The other informatiun tomprises the illfomiation included in the Annual Keport. oth¢r than the financial statemettts and our Repurt uf the tlldependent AuditoiE thereoii. Our opinion ot) the fJn8n¢ial staternellls does not eover the other inforniation and, except to the extent otherwise explicitly stated in our report, we do not express thny fomi of assurance tnnclusion thereon. Itt mnnectioTh with our aiidit of the financial statements, ouy responsibility is to re the other infomiation an4J, in doing so, consider whether tlke other infoi'mation is malcrially inconsistent with the finart¢ial staÉetnents or our knowled8e obiained in the audit oy otherwise app¢ar$ to be materially misstated. If we identify such material incon5iSteThci¢s or apparent n)aterial mi&st&t¢tnertts, we are requiyed to detemiine whethey this gives rise to a material misstatement in the financial stateD)enLq t1MSelves. If, based OE] the work we have perfomied, cottclude that there is a mat¢rial misstat¢tnent of this other Information, we are required to report that fact. We hav¢ llothÈn8 to report irt tliis r¢gard. Opinions othey Enatttis prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the cou¥se of the audit.. the infotinatiot) given in the Report of the TYustee5 for ¢h¢ financial year for which tlie financial statements ale preped is consistent with the financia] statements. and the Report of the Trustees has been prepared in accordan¢e wtth applicable legal requiretn¢nts. Page 9
I PORT OF THE INDEPENDE T AUDITORSTO THE MEMBErRS OF HEADWA Y SHROPSHIRE REGISTER&D NUTrIBER.' 048841634 Mattern on iyhioh we Are required to rtport by exceptio the light of ¢lie k]]owledge and iinder5talldiE)g of the charitable compatiy and its environment obt8in¢d in the course of the audit, we have not identified material misstatetnellts in die Report of the Tmstees. We Iiave llotliil to report in respect of tlie followillg tnatteys wbei'e the Companies Act 2006 Yequires us to re]M)rt to you 'f, in our opinion.. ad¢qwdte accOuntg records have not been kept or retur[ adequate foi. our audit hay¢ not be¢u veceived from branches not visited by us,. or the ftnancial statements are not in agre¢m¢nt withthe accounting rerords attd retui'ns- or certain dis¢losur¢s of trustees, remuiieratioD specifjed by law are not made. OK we have not received all the infomution and expianatiotts we requtre for our audat. or the trustees were not entitled to take advantage of the slliall cotnpaE]ies exernption from the r¢quiYement to prepare & Strntegic Repoit or in preparing the Report of the Trustees. Responsibilities of ti'ustee5 As explained more fully in the Trustees, RespotJ$ibilities Statement, the trustee5 (who ay¢ also the directors of tlie charitable compally for the purposes of company law) are irsponsible for tlie pyeparatioll of the fjnancitl 8tatemetsts and for beEng s&tisfi¢d that th¥y give a trC aiid fair view. and lor Such inteinal conti1 a5 th¢ trustees detet)ninc is ttecessary to ertable Lhe pJrpai2tion of fmattcial statements that are fa'ee £i[D Tnateyial misstatcment, whether due to fraud or error. In preparing the fancial statements, the trustees Are responsible fov assessing the charit&ble company's ability to eontinue as a going conccm, dis¢losin& as applicable, matters related to goit]g cotL¢ern and using tlie going concern biS of 8CCOUThting unless the trustees either intend to liquidate the ¢haritable cotnpany or to cease operations, or have tEO realisti¢ alrnatiVe but to do so. Page 10
REPORI. OTr I'III: INF.PFNDFT AIJDITORS TO THE MEMBERS OF HKADWAY S REGISTERED NullBER.. I)4884834 Our responsibilities for the audit of the finallelal $ta¢em¢nts Our objectives ai'¢ to obtain reasonable assuraiice about whether tlie fiDwicial statements as a whole are free froin niat¢rial niisstatement, whether du¢ to fraud or errov, and to issue a Report of the Independent Auditors that lli¢ludes our opiTrion. Reasonable assurance is a high level of assui%n¢e. but is not a guarant¢e that an adit conducted aecordance with ISAS (UK) will always detect & material rnisstaEemeTht Hthen it exists. Misstatements Can avise from fraud or error and are constdered tnaterial Ef, individually OT in the aggregate, they could r¢asonably be expected to influence the eeollornic decisions of LE5er5 tsken on the basis of tiiese financial statements. The ¢xtenl to which oui. procedures are capable of detecting irregularities, including fj'aud is detailed below.. Our approach ttTr identifying ?d assessing the risks of mat¢rial misstatement in respect of irregularities, including fraud and nott.¢oniplian¢e with laws and regulatioEis, wa5 a5 follows.. the engagement partner ensured that the ellgagement team collectively had the approprtate competeThce, capabilitie5 and skills to identify or recogttise non.¢ompliance witli applicable law5 and regulatians- we 5detitified the laws and I'egulations applicable to the compally tIJTough dis¢ussions with dtrectors and other management, and from our commercial krtowledge aLd experAen¢e of the cal'e sectoi" WE fu¢used on specific laws and rcgulations w111cl we consid¢r¢d may have a dsiect material effect on the financial st2tements or the operations of th¢ ¢ompany, including the Companie5 Act 20Q6, C.h2rity £ORP {FRS102), employment, ¢nvEronment&l alld health and safety leyslation and the Care Qllality Coinmission regulations. we ass¢ssed the extent of eompliance with the laws and regulatiol identified above through making enquiries of n1}ageMentr ttlld identified laws and regulatiolls were coJununieated within the audit team regll12rly and the team 1'eMlled alert to instsn¢¢s of non-compli#llce Itughout the audit We assessed the susceptÈbility of tlie ¢ompeny'$ fllknqnciai statements to material tnisstatement, includillg tsbtaining an understanding of how fraud might occur, by.. - making enquiries of manag¢m¢nt as to their knowledge of actual. $pe¢t¢d 2lleged fraud. and To address the risk of fraud throu} management bias ovetside of Controls, we.. . perfom)ed analytical p1CedureS to identify any or unexpected relationships,. - tested journal entries to identify unusual trartsactions; . reviewed the cashFM)ok to idetttify ally large or unusual transactions,. &8%&%sed whcther judgcments and assumptions made in detennining tlie accounting esÉtm8te5 set out in note 2 weTe indieative of p)tential bias. investigated the rational¢ behind significant or unusual trat)sa¢tions. Ill response to the T15k of iiyegolai'ities and non-compliance with laws al regulations, we designed prncediires wluch inEluded, but were not limited to.. aweing facial statement di5cIosuKes to undei'lying sUppon8 doeument&tiotE' - re&diDg tlie nunuÉe5 of meetings ofthose charged with governance,. - enquiring of man4vement as to actual and potetttial liLi8ation and claims. revE¢wÈDg corrE5pondence with HNIRC, Irlevant re8ul&tors'. The Charity Commission and The Care Quality Commissiott. Page 11
REPORT OF THE INDEPLNDKIY'I. AUDI'I'OKS'fo'i'IiF..MFMBERS OF HEAD A Y SklROYSIIIRK REGJSTEREI D NUMBER: 04884834 Thei'e are inllerent limitations lll our audit procedures desCrbed above. The more Temoved that laws and i¢gulation5 aye from financi tiansaetions, the less likely it 15 that we would be¢ome aware of iion-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to etxquiry of the directors and other mat)ag¢m¢nt and the inspectioii of regulatoiy and legal ¢oryespondetw if any. Material misstatements t]iat arise due lo fixud ¢aJi be harder to d¢tecl than ttK)se that arise from eTrov as they may snvolve delibei?te ¢oii¢ealment or collusion. A further desri'iptioll of our responsibilities for the audtt of the fitLaAcial statements is located ¢)n the Financial Reporting Council's website at Www.frc.org.ukl*uditorssp0rtslb1llt1e$. Tbi$ description fonlls part of our Report of th¢ Independent Auditors. Other mgtter5 Iti the previous accounting p¢riod the trustees (who are also the direclors of the ctiaritable company foi. tlie purpo$es of Company law) tocth a(Ivantag¢ of audit exemption under s. 477 of the Companies Act 2006. Therefore the prior period financial statements were a20t subject to audit and tbe coryespottdillg figures a¥e unaudited. Use of our report This I'eport is made solely to the chai'itsble cthmp2ny's membcrs, &s a body, accordall¢e witli Chaptei. 3 of Part 16 of the Companies Act 2006. Oui. audit work has been undeEtsken so th&t we might state to the charitable company'5 membcrs th¢ matters we are irquired to stste to them tn an auditors, report and for no otlier purJx)s¢. To the fvllest extent permitte do tjot accept or assume responsibility to anyon¢ other thall the critable cotnpany and the charitable c crs as a body, for our audit worl for tbis repor( or for the opinions we have formed. Fran¢is ock F.C.C. lor Statutoiy Auditor) for and on behalf of D.R.E. & Co. (Audit) Limited Kingsland House 39 Abbey Foregate Shrewsbury Shropshire SY2 6BL 3 lllne 2024 Page 12
HEADWAY SHROPSHIRC STATEic,NT OF FINANCTAL ACIIVITI ¥c 0114TING AN IN('I)mE.4h¥ LVENDI R THE IEAR ENDED 31 D , EMBER 2023 ACCOUNT 31.12.23 Total funds 31.12.22 Tottl Unresiiicted fi(ts Restricted fuThds Notes INCOI¥(E AIYD ENDOWTrIENTS FROM Donations and leg8cles 6.847 S01 21048 11,373 Charitabl¢ Rctivlties EAcal authority grants received Comtttuttity Wellb¢ing C¢nlr¢ Migcellaneous iome 9,451 93,797 921 763,218 121 J71 1,886 932,601 121 571 1,886 932,601 ABICS Community Wejlbeing Cenite fijndtng 43,026 43,026 72.453 TotAI I,on,905 48.027 1,120,932 951,213 EXPENDITURE ON Ch#Yit*ble fjetivitiQS cottullity Wellixing C¢ntre ABIC£ 306J61 735,779 18,299 54,895 324,660 790,674 258,798 766,408 Total ,042.140 73.194 1,115J34 1,025.206 NET XNCOMEIIEXPENDITURE) 30,765 125,1671 5,598 173,991) RECONCILIaTION OF F[S Total brought fOrd 1830$2 125J08 309,160 383,153 TOTAL FUNDS CARRIED FORWARD 214.617 100,141 314,758 309,160 The rtoies form partof th¢sE rE[wla1 statsmenls PaEt 13
HEADWAY SHROFSHIRE REGISTKRBD NUMBEIL. 04884834 HEET JI DF. 31.J2.23 31.12.22 Notes FIXED ASSETS Tamgiblc #ssets 101,876 133,165 ctWlENT ASSETS Debtors Cssh at baDk ttnd in hand 12 146,498 118,429 94,739 169,498 264,927 264,237 CREDITORS Amounts t8ilin8 duE wiltun one Jrar 13 152,(N5) 188,2421 r4wr CUliRENT ASSEfs 212,882 175,995 TOTAL ASSETS LESS CLIRRFAYT LIABILITtF 314,758 309.160 NET ASSETS 314.758 309,160 15 Unrestricted fill Restricted funds 214,619 100,lJ9 183.852 125.308 TOTAL FifNDS 314,758 309.160 These statements hav¢ been prepared in attord8nce ivilh the provisions appIic4ble to ¢h3ri12blc companies subj¢cl to the srnall Compani r¢glle. The [an¢181 ststemeTrls re appiDv¢d by Board of Tru51ees and autlLorised hr i88 on 3 Jun¢ 2024 and $i¢d on its by.. T (. Trusttt Thr notes fo*m partof these fjnancial slat¢ments Page 14
HEADWAY SHROPSHIRE SH FLOW STA IENT R THE TrTAR F.MIP'D 31 DECEMBER 202 31.1223 31,l2.22 Notts Cash tlows fi'otri operating gctivities Cash g¢n¢rAted from op¢rations 151,0691 44.132 Net tL5h (used inllprovid¢d byopeydting activitl¢S 151,069} 44,132 Csh flows from irtvtsilng attivlÉRcs Ptsrche otlangible fixed Sets (1,7611 Net cash provided byllused inl investing lvitieS Change ill ¢sh &nd c25h tqulv2lent8 In th£ J'eporting period Cash %nd tfjsh equivalents at tltt beglnnlDg of the rtporling ptriod 151,069) 42,371 169,498 127,127 Co$h and cR5h cquivalents at Ihc end of the reportivg peritsd 118,429 169,498 Thenotes fomi partof thex finan¢&al statements Page IS
HEADWAY sl0Psl NOTFS TO THE CASH FLOW STATEMENT FOK I'HE ITAR ENDED 31 DECEMBER 2023 RKCONCILIATION OF NET INCONI IEI{EXPEi¥DITURE) TO NET CASH FLOW FROI¥I OPEKITING ACJIVITIES 31.12.23 31.12.22 Net IMCotnel{eedilIEvt) for th¢ Ytporlirjg period las per th¢ Stateettt of Financial Act6Yiriesl dJttents for: DepreciAlioii ch8T8ts Loss on d&sp)sal of red &sets IlncresK)/d¢c¥etrse indebiors (DecreaseYincre&8e itt creditors 5,598 173,9931 31,044 245 151,759} 136,197) 32.063 55.363 30.699 Net cish {u&cd lttyproTrryded by operstions ISl.1169) 44,132 ANALYSIS OF CIi4NGFS IN NET FiTrIDS At 1.1. Cash flow At 31.12.23 Nct c#s bank and in hand 169A98 (51,0691 18A29 169,498 151.0691 118,429 TotAI 169,498 151,069) 118,429 Thc nol¢s form part of d*se fittattcl stateJL¢nts Page 16
LIDWAY SHROPSHIRE TFS TO THE FINANCL4L STA EMEN13 FOR TTrIE YEAR ENDED.11 DF.('.F.MIITr.'R 21)23 STATUTORY Tr4FOBMATtON Hcadwdy Shropshirc is a cb9Xktabl¢ comp8tLy, limited by guantee, Tegistercd in England & W8le5. The d]arilablc compon5 registeTed Mmber and registered offJ¢¢ address ¢8tt te fouNi wthirt tbe refertnce and admitiists?live details sectiort of the Rewrt ofthe TLWt¢es. The chgri¢abl¢ comparts principal place of btssiness is regisler¢dotYice address. ACCOUNTING POLlCtES Basis of preparing the finantil st#lements The financial statetnenls ol Ihe charitabl¢ ¢omprty, which is a public &nefst entity u[r FRS 102. hav¢ beert prepared in accordancc with the Chsrities SORP IFRS 1021 'Accounting Jnd Keportitig by Chariti¢s'. Statement of Recommettded Practic¢ appliLble io charities piepaiing th¢ir accounts ill accordance with the Finartciai Repolli Standard awlicthle in the UK and Republic of Ireiartd IFRS 102) l¢ffr¢tiv¢ l Jatjuary 2019),. Financial Rep01tll Standard 102 'The Fif)WICi81 Reportin¥ Standard applicable in the UK and Republic of Ir¢lan(r srtd the Companies ACÈ 2006. The fyn3ci statements hAve piepared under the Iuslorieal cost eottvelliion. These financi statements art for tIK individu81 enttty ortiy. Tr rinanciaL $taten)ents ar¢ preSe[d in Stsrling (£1, rounded to the rtearest £1. Tr trustee5 %ati8fied tliat t[ rcsu]ts in 2023 show a signifjcanl improvem¢nt over tbt previous year5. While Natioaal Lottery funds weR still vital to the chttity's financ&al 5tsbility iti 2023. forecasts gnd projectiDnS for 2024 itidicaie that the charity will bc S$1atab]e ongoiDg. On tllls basis the t¥ust¢¢5 hav¢ wncluded that lh¢ goitig collcem basis of pr¢p3rtttiort is appropriat4 but that tnalcrial uAcertainti¢s ¢wt due lo the inheiEnt un¢¢itaintyof fi]tLre funding co%Ls. All incomc i8 recogDi%ed in the Ststement of Firwioial Activities once the clwity hgs etsiitlemezrt lo thc fftJnd4 It is probable that the nC0[e will bt rtctived and the atnothjt catt be ni¢asured reliably. Inwme fmttt government other grants, whether 'capial' VODts or 'revenue' gr is rerognised when the charity has elllitlement to the fimds, and performsnee eondilLOttS attached io th¢ gmts bave been m¢L it is probabk that th¢ uKotne will leceived wvi the can bemtaswed irliably. DuritlE the yea¥. the chlty Irc¢ived Nfltional LA)ttery S7 of £43,206 12022.. £72.453) Olld loeai authority ndiTr2 ot £nil12022.. £9.451), whieh is re<ogni%ed in incoll. The charity also rtceivcs most of its fundinE for client Care and rd)abilitstion &NHS Of relevant l(al authollty. Eipenditure Liabilities ¢ reco8nised expendityr¢ 8S SQQrt &q there is & legal or constrL]eEive obligatioll ¢0mittlng thc ciwity to that &xpertdstw'e, ir is probable that a transfer of econom&c bcnefits will be required settlemeni llt th¢ Èrnount of Ihe obligation b¢ Jnezsuied iElsably. Expenditure is accounted for on a¢cruaLs basis and ha8 been c135sificd under headings tlJÈi agErtgale all cost related Iv the category. Where tosts eannot be tellY attr1Vt tty particular headings they have bteii allocated to activities ort a blS con8islent with the use ot Tesources. Allo£atitsrt And apportionment Df CD$ts Sttpport costs are tliase funciiosjs that assist the )[k of the Charity but do not directly undertake charitsble aclLVitie& Support Costs include managettient cos15 and rutlAg building Malmen¢t. base5 on whicb support costs are allocated to the different ch'Itble aetivities sre get otjt below. Marngg¢ment costs.. Community Wellbeing C¢ntrc 25% 12023.. 25¥) ABICS 75% 12023., 75%). alloeation i8 bsedon the amoulll 0fmargeMeI lime Spent in relation to each activity. Page 17
HEADWA Y SIIROPSIURL NOTES TO THE FIN eL STATEMENTS_ continued FOR THE YEAR NDED 31 DE EMBER 2D23 ACCOUNTING POIlCtES. Allot2loll llpportio]ItriETIt of ¢ts Rwsnillg costs and building maintenance.. ComEnunity WelltKiAg C¢ntre 25% (2023.. 25/0) and ABICS 75% {2023.. 75D/o}. The allocation is bgsed on Ihc tsmount off]001 Space withitt &rtd arOUt Headway which is occupied by eath activity. 1'&ngible fixed gss¢ts Tangibk fixed asgeig 2re inClded at st 8nd depreciation is provi¢ld 8t th¢ folloWt attnual ratrs ond t[ld8 in order to write off &%scls overtheir estukated useful lif& Lotkg leasehold land Lottg leasehold buildings Fthniture afid ¢quipme#t Website d¢v¢loJynerttcosts Not dewrciated 5fjh straight lffte 15% straight line Ovcr 5 yeats Tbe trustees review t2ttEible tixed &s8ets for imp2iittJent on an annu basis. TAiatioD The clwity is eXern froin to¥poraiion on its chwitable activities. Futhd &oeounting Unteslricted fiwd5 Are available to sPd on &tivilies that fither any of the puipos¢s ofihe Charity. DeSiated wwestriaed ndS of th¢ ¢harity which the liv#ees IHve deLided al their discr¢tion lo set a8tde lo fur a spruifjc PLU'POS¢. Re$tricled funds are donations wlu¢h tiic donor h83 specrfjed 10 bc wlely used for a pticul. puip05¢ or specific 1VIry being und¢itthtt by the ehwity- The tlg and pwse of each fid is explained lli)t¢ 15. The cliarity tyovtdes a stakeholder sch¥ttK for permanent staff members. The scheme 0[rateS on d¢ftlled corttribtiiion basis and the asse15 artd liabiliti¢s of tl scheme are held separat¢ly fiom those of th¢ charity. VAT Value added l&x is not r¢c¢)verable by the chatity )d &s Such is ittcluded iit the relev#Thl £OSts in Ihc Statement of Financial Activities. Hire purch¥s¢ 1¢8lng Rentals paid uttdei 0ratIng k8s¢s aT¢ ¢har8ed lo the Stat¢uietit of Fitsartcial Activities ou a strBtght litte blS over the riOd0f Ihe leas¢. D¢btors Trtde and olh¢i' debtors 2Te ttcognised al th¢ settlement afftount dur after atly di5coiiiils otYere& Pirpaymertts are valued al th2 tiount prepaid llet of arty discout)ts due. Cash at bgnk ond in hand C&8h at bank and in hd dUdeS cash and amounts hcld in bank ¢urrent ad savings accounts. Creditor$ 8nd provisions Credktors and provisiolls ar¢ Rcogrtised wh¢r¢ t1 charity a present obEigatioTr re5ultinE f¥om a p&%t event that will probably result in the transfer of fiJnd5 to a third party and th¢ amountdue to settl¢ obligation w i meiL%ured oi estitnated iEliably. Crediloi5 and Provisio ¢ noLxnglly Kwgni5ed al their 8ettlemellt athowt after allows118 for gny trade discounts due. Finsntial In5trumcnls Pag¢ 18 tontind...
DWAY SHROPSHKRE NOTF. TQ'fHE IPINAliCIA TATEMENTS- co R THE YEAR ENDED 31 1)FA..LIBER 2023 nued AccolTING POLICIES- continued The ¢liarity only Iw finatlcial 95xets and fingncial liabililics ef & kind that quatify as ba8ic fIngClaI iJLStrullnts. Basic fin¢l instnunents are initially recogtused at Irdnsaction value 2nd subsequently rlle&8ured at their ttlettsent vaL. Significant judg¢methts and esbtwdlts The chwitable coLkpany makes estimates and as5p[i0nS concerning th¢ lute. The lting ac£owJling estimates iiill, by defiiution, seldom equal the related acth21 results. The estittiares and assmPtionS Ihal have & sigrufi¢ant risk of causing t maierial adJ'u5brteJJl lo th¢ carryitg 8mouThts of asse15 liabilities within the next fJnaftci&l year ore llddressed below. The Ch7tabl¢ ¢ottJpany jake8 an estimate of the e0Verable value of trade trtd olhcr deblor5. When a%8e&8iDg impaimrt of trade oihei debtors, mantsgemettl colderS fac(or5 the ag¢knB piofile of (kbtors historc&l exp¥iellce. Sec nole 12 for the cgvrying 0nt of debtois. The ¢[t£ble u)tllpany m8&¢s a Sirte?l judgemeni then allocating support costs to the diifeitnt thalltable Th¢ ¢knw'ity tnitiaily identifi¥g the eosis of its $uppoil Mnctions. Th¢ 5UPTX)rt costs gre theft appoilioned the key cliarilabl¢ activlties as explaiaed in I14 2. DONAnONS AND LEGACIKS 31.12.23 31.12.22 Donatio$ 21,$48 11.373 INCOfvIE FROM CHARITABLE ACTIVITIES 31.12.23 31. E2.22 Aeiivity Lo[ 8uthJrity 8ftts receive41 Grt Kncome HdlY house attelldanc¢ 9.451 Commututy W¢llbcil Centre Miscellalleous tOm¢ Misce11cOuS income J21,$71 1086 93.797 14 907 763,218 Miscellaneous income Cjratit iticome ABICS ABICS CotTllDUtuty Wdlbeing C¢ntre fijnding 932,601 Grallt income 43,026 72.453 1.099,084 939.840 Pagt 19
HEADWAY SHROP NOTES TO THE FINANCIAL STATIfvXE FOI4 I'HE YEAR ENDED 31 DE EMBEIi 2023 continued CYARtTABLK ACTIVITtES COSTS Support costs {see not¢ 61 Dirttt Cosis Community WellbeinE CetttsE ABICS 218,614 658,720 1116,046 131,954 324,660 79Q,674 877J34 238,OOD 1.115,334 stTrPORT COSTS Govcrngnc¢ Management Oikni. Tot&ls Cottunwiity Wellbeing Centre ABICS 77,618 47,891 24635 72,682 3,793 IlJ81 JO6,046 131 J54 125,509 97 J17 15,174 238,000 The [nattri cawries of exp¢nditure included wEthEn SUPPOit CO8t8 8. 2023 2022 Staff eo EstabbshtDellt eOSlS Depreciatiun oraslS Cottsumablc cquipment and rep&irs Legal and pbjfessionai k¢s 99.935 26,295 31,044 17,452 15.496 12,301 98,279 33,701 32,063 23,278 19,373 8,347 NET IIYCOMEIIEXPENDITUREI Nel incomol{exp¢DdituKI 15 stated et th8rgingllcreditillg).' 31.12.23 31.12.22 AuditOT5' remurte¥alion Depreciation- olvrted &%sets Defjcit on distx)sal of rtxed assets 8,880 31,1744 24S 5.742 32,063 TRUSTEES, IiEMUNERATION AND BENEFITS There Nri'e no trusites, temuoeration or other bEll¢fiis for the year ended 31 DecetnbBr 2023 nor fer the ellded 31 Deceojber 2022. Page 20 conlinucd...
HL4DWA Y SHROPSHIRE NOTES TO THF. FOR THE INANI'VAI.,%'I'A'I'LMLN'J'S- contit*ued 'LMBER 202J ]RVSTEES' REmRAT101y AND BENEFITS- eontinu¢d Tr4]stee5' expenses No expew ThEre pid to tru5t¢ts duting th¢ year to 31 D¢mber 2023. srAFF COSTS 31.12.23 31,12.22 Wa8e5 a[ salaries Social 8ecutitycost8 Oth&. pension costs 804,068 67,222 16,086 714,537 58.663 12,068 887J76 785.268 Th¢ average Mentyumber of employees durll Ihe year was as follows.. )1.12.13 31.12.22 AdministralL(ItI co[nu1ty WellbeiDg Cetttre ABICS 29 27 39 35 No employ¢e5 r¢ccivedemoltsments in excess of £60,000. Pension cortiribuEions aJlo(ated bE¢n di[t costs ef ¢ble activities and 5UPPQlt costs, accoimling 10 ihe rol of employ¢¢s, The Èverage fftonihly Nmbtr of fijll tllne employ¢¢5 during the year w&$ 20 (2022.. 161. io. COI¥IPARATIVES VOR 1WE STATEMENT OF FINANCL4L ACIIVITI Unrestrieted Reslri¢¢ed Total funds tNCOI¥IE AND ENDOWI¥IENtS FROM Dondtorts trtd kgaci¢3 11,37J 11.373 Charitsble attivitits Locdl aulhotity gratsts received ComnJtsNty Wellbeing Centre fvtiscellaneos income 9,451 9,451 93,797 921 763,218 93.797 921 763,2l8 ABLCS CoTDruuBity Wellbeing Cenrre flding 71453 72,453 Total 869,309 81.904 951,213 EXPF,NDITURE OIY Charltable a¢tivitit5 Coinmunity Wellbeirt8 Certtre ABICS 190,541 726,591 68,257 39,817 258.798 766,4118 Total 917,132 108,074 1,02521)6 Pgge 21 contiNed..
HL4DWAY SItROPSHIRE NOTF.S 1-()'I'HE FINAIN tAL STATEMF.hT.%- ARE ED 31 DECEMBER 2023 ntithued COfwlPAIL4TIVES FOR STATEMFM OF FNANcIALAc11vTlR8_ continued Unr¢slricted Resti'icied fwids funds Total fid5 NET INCOMFJ{EXPENDrrllEj 147,8231 {26.1701 173,993} RECONCILJATION OF FUNDS Tolal fUS brou8ht forwdrd 231.676 151.477 383,153 TOTAL FUNDS CARIUED FORWARD 183,853 125,307 309,160 ii. TANGIBtE FL¥ED ASSETS Long leasehoki land aDd buikiin8S Fdmiture Website developroent costs tquÉpm¢Dt Totals At l Janw 2023 DistM)sals 605.725 121,559 {29,278} 2086 729,670 129,278) At 31 Decclnber 2023 605,725 92381 2,386 700J92 DEPRECIATION At l January2023 Charge for yea Elimittated on di5PQ581 483,037 26,169 lllJ>82 4075 129,033 2J86 31,044 (29,0331 Al 31 D¢tember2023 509,206 86,924 2J86 598.516 NET BOOK VALUE At 31 December 2023 96,519 5,357 101076 At 31 D¢Ir 2022 122,688 10,477 133,165 Long leasehold land ot & cost ot £60,000 £s irtdudcd ill th¢ net book value ot'£96,319 (2022.. £122,688). The lea8e is du¢ to expire on 31st May 2992. Leasehold buildth£s iepreKnls H¢adwgy House, a pro]w purch&%ed for the fijrtheranceof tIK charitsble ol¥e¢lives. T>K build8 is held for eonsumption and not thveslmcnl pPoSes, so tIK trustees have tsot incurred th¢ ¢XPEwe of frjrmallyeslablishing its market value ai 31st Decemki. 2023. Pag¢ 22 tontsnucd...
HEADWAY S TES TO THE FINAN(.'IAL STATEMENTS- eontinued OR T E YEAR Ei¥DED 31 DEC .M. IIER 2023 12. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR JJ.J2.23 31.12.22 Other debtors Prepayments L46A98 85,401 9,338 146,498 94,739 13. CREDITORS.. Afv101Tr4TS FALLING DUEIVITItIN ONE YEAR 31.12.23 31.12.22 Trnde ci¢ditQTS Social security aLd other taxes ACC15 gnd deferred illcome Other ¢ditOrS 12,755 17,718 31,550 26.219 22.690 25,329 3,186 52,045 88,242 14. ANALYSIS OF NET ASSETS BETWEEN VUNDS 31.12.23 Totsl fidS 31.12.22 Tot Unr¢stri¢ted fund5 Restricted funds Fixed Curr¢ftl Èssels CuritOL liabilities 6S,357 2DI J07 152,045) 36J19 63,620 101,876 2fv1,927 152,tHsi 133,165 264,237 (88.2421 214,619 I(,1]9 314,758 309,160 15. MOVEMENf IN Net trlovenxertt IA fvnds At 1.1.23 31.12.23 Unre5tr1tted funds Utth5ign8ted G¢neral R¢strve [83,852 JO,767 214,619 Restrict¢d funds Headway House iyJilding fw 125J08 126.1691 1,000 99,139 1,000 Scr¢wFix Woodwork poom 125J08 125,1691 IOO,J39 TOTAL FUNDS 309,160 SA98 314,758 Page 23 contuwd...
HEAD AY SIIROPS NO'I'LS TO THE [iNNCIAl. s'rA'I'LiMENTS- continued ARENDED 31 DEC MTER 2023 15. rlOVETrIENf IN ¥UNDS- tontinued Net mov¢mellt irt fu]bJs, included itt the abov¢ 8r¢ a5 tolLoi¥s.' ltscoming resourcES Resourccs Moventtt expended UrtreBlric¢ed fLEhds Undesignated FU1- General Reserve J,072J)5 {J,042,138) 30,767 Re5trÉeted fut)ds Headway House buildinE futtd 12Q1691 126,169) Lottery Fund. Corntttuttity Wellbeirtg Centre S¢rewFix Wo(KLwork room 43,027 &ooo {43,0271 14,0001 4&027 173,1961 125.1691 TOTAL FUNDS I,L20932 {I,IiS334) SA98 Comparxtivts for moY¢m¢nt in funds Net D)ovem¢nt irt At 31.12.22 Atl.1.22 Unrestrltte4J funds Urtdcsi8nated Fund- General Res¢rv¢ 231.676 (47,8241 183.852 R¢Jtricted funds Headway House buildillg fth 151.477 126,169) 125J08 TOTAL FiryDS 38J.153 173,9931 309.160 PaEC 24 ¢onlItlld...
HUDWAY SHROPSHIRE TES TO TH& FINAliCblL TATEMENTS. continued FOR THE DJIDE EMBER 2023 15. IOVEF+lENf IN FUNDS- continued Comparative net movement in funds, included in thE &bovc arc as follows.. Incojning sources Resour5 expended tovemcnt I funds UorestrRcttd fun ut8ignat¢d FuDd_ Generd Resev 869,309 {9R7,1331 (47,824) Restrieed funds Heathvay House buildiTr8 (26,1691 {9,4511 126,1691 tncai Authority Covid F¥ndll Lottery Fund- Catntllurtity WellbtirtE C¢nlr¢ 9,451 72,453 (72,453) 81.4 {108,0731 P6,169) TOTAL FUNDS 951,213 {1,025,2061 173.993) A currentye8r 12 moJJths aDd pritsr yr 12 mortihq combitted pisitiott is a5 follows- Net At 1.1.22 funds 31.1123 Unr¢strict¢d fund5 Uttdesignated Fund- Gen¢r91 Reserve 231,676 {17,057} 214,619 Rc$trictcd fund He&dway House building fl) 151,477 {52,338} I,0 99,139 1,000 ScrewFi% Woodwi)* room 151.477 151,338) 100,139 TOTAL FtNDS 383,153 168,395) 314,758 Page 25 continued...
HEADWAY SHROPSHniE TF.S TO TttF. FIiSANCV A T. STAT&TrfENfS- contirted OR TTrIE YEAR ENDED 31 DECEI¥IBER 2023 Is. I¥IOVEMENf IN FUNDS- Conti])e0 A cwrnt year 12 month8 artd piioryear 12 months combined net mov¢m¢nt in fund4 included in the above are as follDWS'. IncomÉllg r¢sovrce5 Rcsour expended Moveoxettt Unrcitri¢t¢d lund U[eSIgnal¢d Furtd- GeDerai Reserve 1,942,214 {1,959.2711 (17.0571 Restricted funth H¢adway House I5]diD8 fund 152,3381 19,4511 (52.3381 LocfiI Authority Covid Funding Lottery FuTd. Collununity Wellbeing C¢nlrc SesewFix Wood¥vork ioojn 9.451 15,480 5,000 1115.4801 14.0001 L,000 129,931 1181,269) 151,3381 TOTAL FUNDS 2,072,145 (2,140.540) (68,3951 U$1Cted fimds bc used in accDrdanc¢ wih the ch8ritable objects atthe discretion of the tr8[ees. Overall the cur¥ellt unrestiicte41 futtds of the tharity are below tbe 6 montbs of TtioR costs &$ ffwmrn¢nded by th¢ Charity Cotnmission, bLIt the trustees lim to continue to lI up untegiritied iEserve8 10 achieve the level recommended by the Cha¥ity Coumi&sion. Durin8 th¢ y¢gr tlr tolonce of designated termittioft fvnd transftrred ro tIK general reserve. RCSTiucfED F(]NDS The Headway House buildillg fund is lo be applied wholly for the purthase ef Headwdy House lo enable the ¢harilabl¢ objcctivcs of the org3ni%atian lo be c()ntinued ld impl¥&d. The fi]nd includes past donations tOWdS tILe cost ot building a Dew Hettdwtty HOe, although thes¢ plans ar¢ ¢urrently on hold. The knttery Comtnuruty W¢lliEing Ctre furld relates lo a Lottery Fulld grant for the refijrbishmertt of the charity's its Ise Commuzjity Wellbeitjg C¢nlr¢. fonding h&s been fvlly utilised during th¢ year. The Screwfrx Woodwork room re13ks lo fut18 received for th2 Tefurbisluneni af the charitys woodw)rk oom. Tk ba19te of thi5 r¢5tricted thnd wiu utilised in2024. Page 26 continlled...
NOTES TO THE FINNCyAL STATEmEs. contillued R THE YEAR ENDED 31 DECEMBER 2023 16. REL4TED PARTY DISCLOSURES Key MaRageTJ]Cnt Personnel Remunernlion Included wilhxn wdges salaries is remuneration of £117.93712022-. £94.OL31 in respect ofkey management personnel. 17. ULTIMATE COiYTROLLJNG PARTY Thc th'Ity i8 Cotrtrolled by thc Tixtstees. 18. INDEMNITY INSUiUNCE The clJ2rity eXpeied £12,30112022.. £8,347) during the year on insurartce. The ry)liey tldeS indenjttity itigu¥axce to tect the charity and it8 ttusÉees aBn81the consequences of claims arisirtgas a result of neglect or default in Ibcir respective dulle& 19. SHARE cAprrAL The charity is linjired by guarantee. alld such h8 t shal'e cpilal. All members of the chlty guar9nte¢ to contribute £1 inthe event of a windiDg up. P&ge 27
HEADWAY SHROPSHIRE DITAILED 'TATENIENT OF nNANCLIL ACTivfrIES R THE AR ENDED 31 DECENIBER 2023 31.12, 31,12.22 +ICOME AI¥D E]WOWMEI¥TS DonatlOrn$ and legaeics Doitstions 21,848 11,373 Charitable gtdvStits Headway house attendance fee5 Miseeliattous inc4)me 121,S71 1,886 932,601 43.026 93.797 L4 763,218 82,81 ABICS Grant iwome 1,099,084 939,840 Tot21 itttomtng resources 1,120,932 951,2L3 £XP£NDKTURE c.haritable sctiviti£$ Wages Secial 8ecurtty Pensions Training MemEtrship fea% relephone Trnvelliog Sulldrie5 Othei costs Bad debES Consumable equipment artd tepairs C]eaniog Subcontracting costs 713J39 59,765 13,717 9,206 1.373 87 8,245 ,656 1.499 12,3991 2,764 2.610 57052 625.645 51,261 IQ083 11,593 758 45 11115 13,495 7,447 3,458 6,469 38,802 877JJ4 781,171 Suppdrt tosts Wagts soci 8e¢urity Pensions tLgal and professional fees Tekphone Printin8J stationery E)osiage Sundries Bank ¢harg¢5 90.109 7.457 2 J69 E5A96 S990 Jo01 133 88,892 7,402 1,985 19,373 6,583 5,240 866 745 125J09 131,086 Other Conswnable equipmeJ)t artd ¥epairs Can'ied folwd 17,452 17,452 23,278 23,278 This pag¢ ¢kns llot forjn pgr¢of th¢ sÉthitory fiTrart¢id statements Pag¢ 28
HEADWAY DETAILED ST.4TEIMENT OF FINANCL4L ACTIVTTIES FOR THE IAR ENDED 31 DEI CE BER2 23 31.12.23 31.12.22 Othcr BIouEht fonvard IJksurJnce E5lablEShC[lt rosts Cleanthg Depreci¥ttion of long leasehold land 3 buildigS Depreciation of fwTritur¢ arNJ ¢qwptn¢ryt Loss on saI¢ oftw¥ible fixed thssets 17452 12JOI 26295 9,980 23,278 8,347 33,701 3,687 26.169 4,875 245 26,169 5,894 97J17 101.076 GoverD*ttte tosts Audiiors. remuneratM)ll Accountancy 8,880 6,294 5,742 6,131 1&174 11.873 Total irsource5 expended 1,115J34 ,025,206 Net incomel{expenditurel 5,598 173,9931 This page does not form part of the slaNtory financial statements Page 29